LONG ON BHEL....

Mar 25, 2017

THE STOCK IS IN UPTREND.....AND THE NEWS REGARDING COMISSIONING OF 250 MW THERMAL POWER STATION SHOULD BE A NEW REASON FOR A PUSH ON THE UPPER SIDE.....AND TECHNICALLY THE STOCK HAS NOT MOVED BELOW THE LOW OF THE FIRST OF THREE CANDLE....i.e 22/3/2017...AND THE RECENT RED CANDLE HAS LOW HIGHER THAN THE OPENING OF THE GREEN CANDLE...SO BEARS WERE UNSUCESSFUL HERE....AND ALONG WITH THAT A DIVERGENCE CAN BE SEEN IN THE RSI AS WELL...

Mar 25, 2017

Note

1ST TARGET WILL BE 171.50
STOP LOSS WILL BE 164.80

Mar 29, 2017

Note

one can exit today....very small price range seen...

Mar 29, 2017

Trade closed manually